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The Toronto Maple Leafs are the first NHL team to be worth $1 billion, according to an annual survey released by Forbes on Wednesday.

NHL Team Worth $1 Billion
For the 7th consecutive year, the Maple Leafs, who never won a championship since 1967, ranked first in Forbes team valuations for the National Hockey League.

Placing second are the New York Rangers, whose estimated value is $750 million, while Montreal Canadiens are third, with $575 million.

According to Forbes, the Top 3 teams accounted for 83 percent of the NHL's operating income.

Rounding the Top 5 are the Chicago Blackhawks ($350 million) and Boston Bruins ($348 million), respectively.

Meanwhile, the reigning Stanley Cup champion Los Angeles Kings took the 10th spot with a value of $276 million.

Forbes says there was a nine per cent increase of NHL's total revenues, which is now $3.4 billion. Fuelled by the increase, the average NHL team is now worth $282 million, 18 per cent more thana year ago.

Check out below the value of each NHL team based on Forbes survey:
1. Toronto Maple Leafs: $1 billion                     
2. New York Rangers: $750 million
3. Montreal Canadiens: $575 million
4. Chicago Blackhawks: $350 million
5. Boston Bruins: $348 million
6. Detroit Red Wings: $346 million
7. Vancouver Canucks: $342 million
8. Philadelphia Flyers: $336 million
9. Pittsburgh Penguins: $288 million
10. Los Angeles Kings: $276 million
11. Washington Capitals: $250 million
12. Calgary Flames: $245 million
13. Dallas Stars: $240 million
14. Edmonton Oilers: $225 million
15. San Jose Sharks: $223 million
16. Ottawa Senators: $220 million                       
17. Minnesota Wild: $218 million
18. Colorado Avalanche: $210 million
19. New Jersey Devils: $205 million
20. Winnipeg Jets: $200 million
21. Anaheim Ducks: $192 million
22. Buffalo Sabres: $175 million
23. Tampa Bay Lightning: $174 million
24. Florida Panthers: $170 million
25. Nashville Predators: $167 million
26. Carolina Hurricanes: $162 million
27. New York Islanders: $155 million
28. Columbus Blue Jackets: $145 million
29. Phoenix Coyotes: $134 million
30. St. Louis Blues: $130 million

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